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Reform of the pension system: the age of balance, the golden rule, to strengthen

We're not talking about more than the fate of the age a pivot which was to balance the accounts


pensions prior to the implementation of the universal regime for pensions, but that has been temporarily withdrawn by the prime minister. It evokes much less the age of the balance, which is contained in article 10 of the draft law in the new system and which has not been removed.

see also : pension Reform: age pivot is removed... but with what to replace it?

As the age of the pivot, the age of balance is"a mechanism of bonus/malus", which aims to balance the accounts between the revenue and expenditure of pension.

The new system should switch to a point system. A type of diet moreover was already very frequent and very widespread in France (Agirc-Arrco) and in Europe. In the future system, the only concept that is worth to know if we will be able to liquidate his pension is the pensionable age, currently set at 62 years and to which the president of the Republic had pledged during the campaign not to touch.

The gold rule of balance, a nice step forward

Exit therefore the notion of duration of insurance, which had suffered very many changes up to the last act Touraine on pensions that was to lengthen it to wear it up to 43 years of duration contribution to the generation of 1973. With a legal age which remains at 62 years of age and without further reference to the number of quarters assessed, we re-establish, therefore, not accounts.

indeed, the demographic report is deteriorating steadily, with the increase of life expectancy. The idea is to introduce a new reference, the age of balance different from the age of entitlements, and financial management with the introduction of a golden rule, which is a nice step forward in balancing the social security accounts.

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In Sweden or in Germany, unlike in France, the social security accounts are balanced for several years. In terms of retirement, the Swedes arrive with an age of balance that progresses automatically as a function of demographics and life expectancy. It is, therefore, a age pivot from which one can retire with a conversion coefficient function of the life expectancy at the retirement of the generation. The retirement age increases as well automatically in Sweden (the Swedish depart on average retire at 66 years of age).

This balance automatically contributes to a second difference of importance with the point system in preparation in France: the steering does not need to meet regularly to review the balance parameters of the plan.

see also : Pensions: the government will publish "over a hundred" case types by the end of January

For its part, Germany has placed at the heart of its pension system is the subject of the competitiveness of its firms: the contribution rate imposed on the working time must not exceed 20% until 2020 and 22% until 2030. The age of entitlement to pension is rejected almost automatically by taking into account the ratio of population: 65 years for the generation born in 1953 and gradually increased up to 67 for the generation born in 1964 and the following generations).

The age of balance is thus a sound principle that participates in the golden rule of balance of the accounts, whom we can congratulate for the future regime. In the draft law, the age of balance is supposed to evolve from one generation to the tune of two-thirds of the changes in the forecasts of life expectancy at retirement of the insured.

Difficult negotiations with the unions

On the other hand, there is a lack at this age of balance automaticity in view of the difficulties encountered by the government with the trade unions on the age pivot at 64 years prior to 2027. In fact, it may be difficult to achieve in the next few years to give the social partners at conferences on a regular basis to go to 66 or 67 years of age balance...

And it also lacks to the financial management of the system the prohibition to increase the tax burden to balance the accounts. There is not in effect in the law, contrary to the letter sent by the prime minister to the trade unions (point n°8) obligation to balance without increasing taxes or contributions.

we expect that some mps will propose these two safeguards, by an amendment in the bill. This sécuriserait greatly the future of our pensions as the competitiveness of France.

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